Special news from China Cotton Network: July 13-15, 2022 is the first week of the 2022 central reserve cotton rotation. China Reserve Cotton Management Co., Ltd. listed 17,000 tons of cotton for purchase, and the actual transaction was 17,000 tons, with a transaction rate of 100%

China Cotton Network Special News: July 13-15, 2022 is the first week of the 2022 central reserve cotton rotation. China Reserve Cotton Management Co., Ltd. listed 17,000 tons of cotton for purchase, and the actual transaction was 17,000 tons, with a transaction rate of 100% . This week, the average transaction price of central reserve cotton incoming bidding was 16,196 yuan/ton, the highest transaction price was 16,400 yuan/ton, and the lowest transaction price was 15,753 yuan/ton.

This week is the first week of reserve cotton rotation. Enterprises are actively bidding and the bidding is fierce. All transactions are completed every day. Affected by weak macroeconomics and domestic consumption, the domestic cotton market has been falling frequently recently. Market confidence is obviously insufficient, and wait-and-see sentiment has increased, which has affected the normal purchase and sales of the industrial chain. According to the National Cotton Market Monitoring System's raw material procurement intention survey, in early July 2022, 42.4% of companies were prepared to purchase cotton, a decrease of 18.8 percentage points from the previous month; 42.4% held a wait-and-see attitude, an increase of 9.6 percentage points from the previous month; they did not plan to purchase cotton. enterprises accounted for 15.2%, an increase of 9.2 percentage points from the previous month. It is expected that the cotton spinning market will still face greater downward pressure in the short term.